iSAM Securities Launches CFDs on Futures to Meet Growing Client Demand

The Trump administration is prepared to nominate Kevin Warsh as the next Federal Reserve Chair later today. Warsh is expected to be more hawkish than other contenders for the role. Equities fell, Treasury yields pushed higher, and the dollar strengthened across the board.

Overnight, U.S. President Donald Trump said he is not concerned about the dollar selloff. The dollar index (DXY) slid to its lowest level since February 2022. Spot gold surged 1.3% to record highs, fuelled by a combination of dollar weakness and a flight from Treasuries and currencies.

UK Prime Minister Keir Starmer said the UK will not be forced to choose between the US and China ahead of his Beijing trip this week. Starmer insists that his visit to China will not harm the UK’s relationship with the US. This will be the first UK prime minister to visit China in eight years.